Company Valuation: Argan

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,629 1,739 1,965 1,536 1,698 1,906 - -
Change - -33.86% 12.99% -21.81% 10.5% 12.25% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,760 3,772 3,788
Change - -16.39% 8.45% -17.48% 4.77% 10.88% 0.33% 0.42%
P/E 3.92x 18x -7.47x 6.05x 6.88x 11.7x 11.3x 10.2x
PBR - - 1.04x 0.69x 0.71x 0.79x 0.77x 0.74x
PEG - -0.2x 0x -0x -1.72x -0.3x 2.79x 1x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 8.61x 8.22x 7.96x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 17x 16.3x 15.8x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 18x 17.2x 16.7x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 17.5x 16.4x 15.6x
EV / FCF 41.9x -32.8x 156x 23.3x - 50.8x 18.1x 17.9x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 1.97% 5.51% 5.6%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.644 3.685 3.793
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 4.92% 4.98% 5.13%
EPS 2 29.7 4.2 -11.4 10 9.6 6.303 6.558 7.223
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 57.8% 56.2% 52.5%
Net sales 1 185.6 197.9 220.7 239 212 221.3 231.7 239.5
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.7 219.1 226.6
EBIT 1 147 116.8 -201.2 302.2 290.9 214.5 229.6 242.8
Net income 1 668 95.1 -263.5 245.7 245.2 172.4 183.2 201
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,854 1,866 1,882
Reference price 2 116.40 75.80 85.20 60.50 66.00 74.00 74.00 74.00
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,751 - -
Announcement Date 19/01/22 19/01/23 18/01/24 16/01/25 22/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.74x16.99x18.02x4.92% 2.2B
45.78x19.6x24.53x3.04% 133B
25.42x20.6x23.54x0.98% 44.39B
34.14x16.02x22.67x3.14% 10.88B
24.89x14.03x20.5x3.11% 8.51B
68.99x9.21x13.03x4.73% 8.24B
35.71x16.28x24.88x3.06% 7.38B
21.63x13.14x19.05x4.54% 7.29B
34.07x11.62x15.87x4.16% 7.19B
8.81x19.8x22.37x4.89% 6.28B
Average 31.12x 15.73x 20.45x 3.66% 23.58B
Weighted average by Cap. 38.74x 18.49x 23.17x 2.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield